Recruiting

The more than 26 million people who have filed unemployment claims in the past five weeks provide only a partial picture of workforce dislocations, with tens of millions more facing additional risks.

XY Planning Network says about 250 students and 50 firms have responded to a new virtual internship program it launched to fill the gap.

Internships are deeply ingrained in the recruiting process for some industries like finance and consulting, and the pandemic hasn’t changed that.

Once case numbers become more manageable, the U.S. will move away from self-isolation, and toward containing individual cases. The U.S. will need 100,000 to 300,000 contact tracers to contain the coronavirus.

During recessions, not only do layoffs accelerate, but hiring drops sharply, exacerbating the labor market weakness.

The absence of social distancing at Amazon hiring events recently made the rounds on social media, as the retail giant seeks to bring on more essential workers.

As the spread of coronavirus disrupts operations, it’s a precarious moment for advisers who have been planning big career changes for months.

Even before the outbreak, virtual interviews in the initial stages with a company were already on the rise because of their efficiency and convenience.

Resumes fail to predict performance and perpetuate existing demographic inequities in the workforce, stalling socioeconomic mobility, creating compliance risks and scaring off potential employees.

“Employers are looking to invest in the strategic side of HR,” says Dan Staley, HR technology leader with PwC.